American Airlines Group (NASDAQ:AAL) PT Raised to $10.00

American Airlines Group (NASDAQ:AAL) had its target price increased by investment analysts at TD Cowen from $9.00 to $10.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage presently has a “hold” rating on the airline’s stock. TD Cowen’s price objective would indicate a potential downside of 23.95% from the company’s previous close.

A number of other brokerages have also recently commented on AAL. Jefferies Financial Group raised their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein lowered shares of American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Susquehanna upped their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Evercore ISI raised their target price on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, Barclays cut their price target on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.40.

American Airlines Group Stock Up 2.9 %

Shares of NASDAQ AAL opened at $13.15 on Friday. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $16.15. The firm has a market cap of $8.63 billion, a P/E ratio of 21.92, a P/E/G ratio of 0.26 and a beta of 1.43. The business’s 50 day moving average price is $11.28 and its 200 day moving average price is $11.77.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts expect that American Airlines Group will post 1.22 earnings per share for the current year.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAL. Blue Trust Inc. boosted its holdings in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the last quarter. UMB Bank n.a. boosted its stake in American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after buying an additional 2,264 shares during the last quarter. Beaird Harris Wealth Management LLC grew its holdings in American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of American Airlines Group in the 2nd quarter worth $36,000. Finally, Sentry Investment Management LLC purchased a new position in shares of American Airlines Group during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.